The £1,000 emergency fund challenge.

xironsongx

Starting over,
Not saving for a wedding right now any more.
Nothing bad has happened but there is a lot i want to save for before the big day,
like having a financial cushion for us, as I've been ill a lot recently. I would like to learn to drive & purchase a car awell as buying a laptop.

I moved all my savings into my savings builder account and renamed it Emergency fund.
I have £286.17 in there now, so I've completed 29% of it already.

System

#269 just updating - balance of big fat zero! At least it was spent on emergency expenses, but still frustrating!

patman99

Just getting used to being monthly paid again. As of last week, I now have a permanent contract of employment rather than the 3 month rolling one I was initially employed on.

It came about due to the chap I was brought in to assist having a fight with another guy over a bit of rubbish that had dropped out of a skip.

HLB10, that is what the EF is for. It means you have the money set aside for when an emergency happens.

xironsongx

Added £20 to my fund,
Making toal £306.00
& 31% complete

Stayathomemum36

Definitely frustrating but imagine if you never had the fund in the first place...we severely dented ours several times over the last few months

xironsongx

I've moved a lot of my money in my other sinking funds,
I have £106.00 in my emergency fund for general things
but I've put away for "individual" emergencies or needed things.


£34.40 for Medication (4 x £8.60) - I get ear infections a lot in winter
£60.00 - for clothes , I may need to get some more undies / work trousers / shoes as mine are wearing out
£50.00 for home products - I'm finding that I use a lot of my budget to buy home items
Gifts - £50 , I've got a few birthdays coming up
Christmas - I already had £56 stashed away but moved £5 over to have 2 months (of £31)

Stayathomemum36

#272 £1.48 transferred from main Curent Account today so £410.81/£1000

Toomuchdebt

Well managed to put some money into the EF today...not much but it's a start

#70 £15/£1000

System

You're all right - that is what the EF is there for - I would just like it to maybe have £100 in it for more than a week :rotfl:

I had 2 payments today from prolific studies and quidco, and have rounded down the joint account so my EF now stands at a staggering £13.97 :T

#269 EF £13.97

xironsongx

I have transfered spme money over ,
My total is now £136.00 .